Swifty Corporation's trial balance reported the following normal balances at the end of its first year:Cash $14440Prepaid insurance 530Accounts receivable 2660Accounts payable 2130Notes payable 3190Common stock 4100Dividends 530Revenues 22040Expenses 13300What amount did Swifty Corporation's trial balance show as total credits?A. $31460B. $32520 C. $30930D. $31990 Swifty Corporation's trial balance reported the following normal balances at the end of its first year:Cash$14440Prepaid insurance530Accounts receivable2660Accounts payable2130Notes payable3190Common stock4100Dividends530Revenues22040Expenses13300What amount did Swifty Corporation's trial balance show as total credits?$31460$32520○ $30930○ $31990

In accounting, a trial balance is a worksheet that lists all the accounts for a business, along with…

Swifty Corporation's trial balance reported the following normal balances at the end of its first year: Cash $14440 Prepaid insurance 530 Accounts receivable 2660 Accounts payable 2130 Notes payable 3190 Common stock 4100 Dividends 530 Revenues 22040 Expenses 13300 What amount did Swifty Corporation's trial balance show as total credits? $31460 $32520 ○ $30930 ○ $31990

Swifty Corporation's trial balance reported the following normal balances at the end of its first year: Cash $14440 Prepaid insurance 530 Accounts receivable 2660 Accounts payable 2130 Notes payable 3190 Common stock 4100 Dividends 530 Revenues 22040 Expenses 13300 What amount did Swifty Corporation's trial balance show as total credits? $31460 $32520 ○ $30930 ○ $31990

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 22MC: A company collects an honored note with a maturity date of 24 months from establishment, a 10%...

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